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Symphony Limited Interim / Quarterly Report 2023

Oct 21, 2022

60717_rns_2022-10-21_6dd77863-704a-4444-a915-565e3d343e08.pdf

Interim / Quarterly Report

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October 21, 2022

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To, To, National Stock Exchange of India Limited BSE Limited Symbol – Symphony Security Code – 517385

Sub.: Submission of newspaper clippings of publication of financial results

Dear Sir / Madam,

We are submitting herewith newspaper clippings of unaudited financial results for second quarter /half year ended on September 30, 2022, published on October 21, 2022.

Please take the same on your record and kindly acknowledge the receipt.

Thanking you,

Yours Truly,

For, Symphony Limited

MAYUR Digitally signed by MAYUR CHIMANBHAI CHIMANBHA BARVADIYA Date: 2022.10.21 I BARVADIYA 15:35:41 +05'30'

Mayur Barvadiya Company Secretary and Head - Legal

Encl.: As above.

Regd. Off.: Symphony Limited, “Symphony House”, FP-12, TP-50, Off S.G. Highway, Bodakdev, Ahmedabad -380 059, India T: +91-79-66211111, F: +91-79-66211139-40 l Email – [email protected] I www.symphonylimited.com CIN - L32201GJ1988PLC010331

2 THE SMART INVESTOR ~~>l~~

MUMBAI | FRIDAY, 21 OCTOBER 2022 1

HUL’s revenue may climb 21% in Q2 to ~15,396 crore

Experts see cost inflation in palm oil prices, packaging material denting firm’s margin picture

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LOVISHA DARAD in realisations and 6.5 per cent
New Delhi, 20 October growth in volume. However, gross
margins will continue to remain
ast-moving consumer under pressure due to commodity
goods (FMCG) giant inflation, notwithstanding price
F Hindustan Unilever (HUL) hikes. Therefore, Ebitda margin is
is expected to clock revenue expected to drop 200-bps YoY to
growth of 11-21 per cent year-on- 22.6 per cent in Q2.
year (YoY) to ~15,396 crore in the
Kotak Institutional Equities
July-September quarter (second
quarter, or Q2) of 2022-22 (FY23), The brokerage models 17-per cent
buoyed by the home care and per- YoY revenue growth to ~14,890
sonal care segments, say analysts. crore in Q2, from ~12,724 crore in
The company is due to report Q2FY22. It expects the home care
its Q2FY23 numbers on Friday. HDFC Securities GROWTH PICTURE segment to grow 29-per cent YoY,
Analysts expect cost inflation The brokerage firm pegs 14 per Base=100 on the back of price hikes in laun-
in palm oil prices and packaging cent YoY net sales growth at Nifty FMCG Nifty 50 dry. Beauty and personal care is
material to dent the FMCG major’s ~14,400 crore, driven by 3 per cent Hindustan Unilever 117.83 forecast to see 13.5-per cent YoY
margin picture in Q2. volume growth. Analysts also exp - growth because of a hike pause in
The earnings before interest, ect the home care, beauty and per- the skin cleansing segment. Food
tax, depreciation, and amortisa- sonal care, and food businesses to and refreshments is expected to
tion (Ebitda) margin is grow between 11 per see 9-per cent YoY revenue growth
101.21
seen contracting bet - cent and 27 per cent as urban outperformance over
ween 64 basis points YoY. Adjusted profit 110.19 rural will sustain, observe analysts.
(bps) and 200 bps to after tax is likely to
Antique Broking
22.6 per cent in Q2, from grow 10 per cent YoY
24.6 per cent in the to ~2,400 crore. How - Source: Bloomberg Analysts expect the FMCG behe-
year-ago quarter, ever, Ebitda ma rg in is moth’s sales to grow 18.4-per cent
according to brokerage expected to con tract palm oil and palm fatty acid dis- YoY to ~15,066 crore in Q2, from
estimates. 125 bps YoY to 23.4 per tillate increased between 21 per ~12,724 crore in the year-ago
At the bourses, RESULTS cent in Q2 due to high cent and 27 per cent YoY, analysts period. While detergents and the
shares of HUL have PREVIEW input cost inventory. expect 143-bps YoY squeeze in gr - demand for soaps will continue to
climbed over 9 per cent oss margin to 50 per cent. The Ebi - witness healthy traction, skincare
IDBI Capital
this calendar year. By tda margin, too, is likely to decline is likely to be impacted due to its
comparison, the S&P BSE Sensex HUL’s business segments like 64-bps YoY to 24 per cent in Q2. discretionary nature. Although
and the Nifty50 have surged up to beauty or personal care and home they estimate 260-bps YoY gross
Prabhudas Lilladher
1.4 per cent each during the same care are likely to boost 11 per cent margin contraction in Q2, they
period. Here’s what top brokerage revenues YoY to ~14,090 crore in Analysts estimate 21-per cent YoY expect sequential margin to
houses expect from HUL’s Q2 Q2, from ~12,724 crore in Q2 of growth in revenue to ~15,396 crore improve, with a drop in palm oil
numbers: 2021-22 (FY22). Since the prices of due to 14.5 per cent improvement and crude or packaging material.
----- End of picture text -----

Asian Paints profit rises 31% in Q2

tinued to gain traction in the quarter with a focus on lighting, Asian Paints profit rises 31% in Q2 kitchen, and bath, along with an SHARLEEN D'SOUZA paint major’s net sales also rose 18.8 director and chief executive of increase of its Beautiful Homes Mumbai, 20 October per cent to ~8,431 crore YoY. Asian Paints, said in the comstores and home décor implemen“The domestic decorative busipany’s earnings release. tation arm, Beautiful Home servAsian Paints net profit increased ness showed resilience to deliver “The business focus on top line ice. Asian Paints’ auto original 31.3 per cent year-on-year (YoY) to double-digit volume growth and is evident from the double-digit equipment business delivered ~783 crore in the quarter ended healthy value growth despite subcompounded growth rates in volrobust growth while its industrial September, thanks to price increasdued demand conditions, ume and value sales for a sixth coatings continued with its high es and strong demand in the impacted by the extended monquarter in a row,” Syngle said. growth trajectory led by protective domestic decorative business. The soon,” Amit Syngle, managing Its home décor business conand powder coatings, Syngle said.

Long-term investors should invest in gold through SGBs

BINDISHA SARANG

HOW THE THREE FORMS OF INVESTMENT COMPARE

Since the purchase of gold around Parameter Physical gold Gold ETF Sovereign gold bonds Dhanteras and Diwali is regarded auspicious, demand for the yellow Return Low In line with gold prices, Gold price at the time of metal is likely to surge over the next less expense ratio redemption, plus 2.5%

few days. All investors should have a annual interest 10-15 per cent allocation to gold in Safety Risk of theft High High their portfolios for diversification, to hedge against equity-market Liquidity Restricted Tradeable depending Can exit after 5 yrs at current volatility, and for protection against on liquidity on market price; can also exit by

inflation. Instead of purchasing exchanges selling on exchange (but

gold jewellery, however, this liquidity can be low) Dhanteras-Diwali you could Taxation 30% if sold Taxed at marginal slab Interest taxed at marginal consider adding to your yellow metal holdings through costbefore 3 yrs; rate before 3 yrs; at slab rate; capital gains tax (CGT) efficient investment instruments. 20% with 20% with indexation applicable if sold after 5 yrs Pankaj Shrestha, head, indexation after 3 yrs but before 8 yrs; free of

investment advisory division, after 3 yrs CGT if sold on maturity Prabhudas Lilladher, says, “In the Source: Association of Registered Investment Advisors current high-inflation envir on - ment, where the rupee is deprec - cost, apart from the purchase cost.” are safe and secure and investors get iating and there is global uncer - SGBs can also be offered as the benefit of the strict regulatory tainty due to the Russia-Ukraine collateral for taking a loan. oversight of the mutual fund ecowar, an allocation to gold is Long-term investors get a tax system,” says Vikram Dhawan, head essential.” Year-to-date, gold has benefit. “The capital gain becomes commodities and fund manager, given a return of 4.46 per cent. Over exempt from taxation if an investor Nippon India Mutual Fund. the past six months, however, its holds SGBs for the entire tenor of Gold ETFs can be bought in return has been negative (-4.78 per eight years,” says Rishad Manekia, small quantities. They have no lockcent). Amar Ranu, headfounder and managing director, in. Investors don’t have to bear any investment products & advisory, Kairos Capital. One issue with SGBs storage cost. Their ETF units are Anand Rathi Shares & Stock is that they are low on liquidity. stored in demat accounts (the fund Brokers, says, “Gold has been Investors can redeem them premat - house bears the cost of storing the correcting over the past urely only upon the underlying gold in vaults). How - seven to eight months due completion of five years ever, investors have to pay an to the strengthening of the (on the date of interest expense ratio that ranges between dollar index.” payout). And while they 1 and 2.5 per cent. Investing in goldare listed on the based financial exchanges, liquidity Gold bars and coins instruments, such as tends to be relatively low Some portion of your gold investsovereign gold bonds there, so they may have to ment can be in the physical form to (SGBs), gold exchange exit at a discount if they take care of extreme scenarios, such traded funds (ETFs), and sell on the exchanges. as closure of financial markets. In gold mutual funds (which Investors with long that case, you will still be able to liqinvest in gold ETFs) is horizons should opt for uidate physical gold. The best way much more efficient as SGBs. Dilshad Billimoria, to invest in physical gold is via gold they carry lower costs and board member, bars or coins. Ranu says, “These are safer. Association of Registered come at a premium of up to 10 per Investment Advisors (ARIA), says, cent.” However, the premium is Sovereign gold bonds “It is perfect for investors having a likely to be lower than what you In SGBs, besides capital gain (or loss, low risk appetite.” would pay on gold jewellery. At the depending on gold’s price movetime of liquidating bars and coins, ment), investors also earn an annual Gold ETFs you may have to pay a melting fee coupon of 2.5 per cent. Ranu says, Investors who don’t want to lock in to the jeweller. Avoid buying jewel“The Reserve Bank of India (RBI) their money for the long term should lery for investment purposes, launches a new series every month. opt for gold ETFs instead of SGBs. depending on the intricacy of the Investors need to buy the equivalent Liquidity tends to be good in them, design, gold jewellery comes with a of one gram at the minimum. They especially those that have higher steep making charge, which is don’t have to bear any additional assets under management. “They deducted at the time of sale. YOUR MONEY

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efJeoYe& JeÀesJeÀCe ûeeceerCe yeBJeÀ Vidharbha Konkan Gramin Bank Yeejle mejJeÀej , yeBJeÀ Dee@HeÀ Fbef[³ee DeeefCe cenejeä^ µeemevee®ee GHe¬eÀce

Govt. of India, Bank of India & Govt. of Maharashtra Undertaking [ See Rule 8 [1 ] ] POSSESSION NOTICE [For immovable property] Whereas

The undersigned being the authorised officer of the VIDHARBHA KONKAN GRAMIN BANK under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and in exercise of powers conferred under Section 13 [12] read with rule 8 of the Security Interest [Enforcement] Rules, 2002 issued a demand notice dated 20.06.2022 calling upon the borrower Smt.Dipanjali Nandkumar Desai (Borrower), Shri. Nandkumar Vasantrao Desai (Co-borrower) & Smt. Ujjwala Vasantrao Desai (Co-borrower) to repay the amount mentioned in the notice being Rs. 11,67,125.26 [Rs. Eleven Lakh Sixty Seven Thousand One Hundred Twenty Five and Paise Twenty Six Only ] plus interest thereon within 60 days from the date of receipt of the said notice. The borrowers having failed to repay the entire amount, notice is hereby given to the borrowers and the public in general that the undersigned has taken possession of the property described herein below in exercise of powers conferred on him under Section 13 [4 ] of the said Act read with rule 8 of the rules on this 19th day of Oct the year 2022. The borrowers in particular and the public in general is hereby cautioned not to deal with the property and any dealings with the property will be subject to the charge of the VIDHARBHA KONKAN GRAMIN BANK for an amount of Rs. 11,67,125.26 along with further interest, other charges, costs expenses thereon. The borrower's attention is invited to provisions of sub-section (8) section 13 of the Act, in respect of time available, to redeem the secured assets. DESCRIPTION OF THE IMMOVABLE PROPERTY Details of Property All the pieces and parcels of land situated at out of Gat No. 88 admeasuring in aggregate Area 2000 sq. mtr. Situated at Munguswadi within the limit Munguswadi Village Ajara Taluka Kolhapur District in the state of Maharastra within the jurisdiction of the sub Registrar Ajara. Together with the buildings, sheds, standing thereon. The property is Bounded by On the North by Remaining land of Gat No.88 On the South by Enteral Road On the East by Remaining land of Gat No.88 On the West by Remaining land of Gat No.88 Sd/[ Baburao Pandharinath Samant] Authorised Officer Date:-19.10.2022 ( Vidharbha Konkan Gramin Bank )

Regd. Off.:

FRIDAY • 21-10-2022 05

JAI HIND-AHMEDABAD

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Lke[u Mkne fhLkkh rh÷kÞLMk nku{ VkRLkkLMk r÷.(yuyu[yuVyu÷)Lkk yrÄf]ík yrÄfkhe Au yLku Äe rMkõÞkurhxkRÍuþLk yuLz rhfLMxÙõþLk ykuV VkÞLkkÂLþÞ÷ yuMkuxTMk yuLz yuLVkuMko{uLx ykuV rMkõÞkurhxe RLxhuMx yuõx 2002Lkk MkuõþLk 13(12)Lku rMkõÞkurhxe RLxhuMx (yuLVkuMko{uLx) rLkÞ{ku,2002Lkk rLkÞ{ 8 MkkÚku ðt[kýu ÷uíkk nuX¤ {¤u÷ yrÄfkhkuLke Yyu ftÃkLkeLkk yrÄf]ík yrÄfkhe íkhefu Lke[u sýkðu÷ ËuýËkhku/Mkn-ËuýËkhkuLku rz{kLzLkkurxMk(Mkku) RMÞq fheLku MktçktrÄík rz{kLz LkkurxMk(Mkku){kt WÕ÷u¾ ÚkÞu÷ hf{ku yk LkkurxMk {éÞkLke íkkhe¾Úke rËLk 60{kt ¼hÃkkE fhe sðk fnu÷.

rldpQg âv¡$i_u Q|„V$Zudp„ cpS>`¡ 62 A_¡ L$p¢N°¡k¡ 46 Dd¡v$hpfp¡_u epv$u Ål¡f L$fu

hpfpZkudp„\u ApCA¡kApCA¡k_p b¡ Ópkhpv$u TX$pep : rhõap¡V$ dpV¡$ "åg¡L$phX$f' s¥epf L$fsp lsp

ËuýËkh/Mkn-ËuýËkhku yk hf{ [qfððk{kt rLk»V¤ sðkLku ÷eÄu, yºku ËuýËkh/Mkn-ËuýLkËkh(hku)Lku íkÚkk ònuh sLkíkkLku LkkurxMk ykÃkðk{kt ykðu Au fu Lke[u Mkne fhLkkhu MkËhnw fkÞËkLkk MkuõþLk 13(4) yLku rMkõÞkurhxe RLxhuMx (yuLVkuMko{uLx) rLkÞ{ku, 2002Lkk rLkÞ{ku Ãkife rLkÞ{ 8 MkkÚku ðt[kýu ÷uíkkt nuX¤ Lke[u ðýoLk fhu÷ r{÷fíkLkku fçkòu Lke[u sýkðu÷ íkkhe¾kuyu ÷eÄku Au. ËuýËkh/Mkn-ËuýËkhkuLku rðþu»kYÃku yLku ònuh sLkíkkLku Mkk{kLÞ heíku yk r{÷fík MkkÚku fkuE ÔÞðnkh Lk fhðk {kxu [uíkðýe ykÃkðk{kt ykðu Au yLku fkuE Ãký ykðku ÔÞðnkh rh÷kÞLMk nku{ VkRLkkLMk r÷.Lkk [ksoLku yÄeLk hnuþu.


VkRLkkLMk r÷.Lkk [ksoLku yÄeLk hnuþu.
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Y.4,90,686/-

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MÚk¤: ðzkuËhk Mkne/- (yrÄf]ík yrÄfkhe) íkk. : 21{e ykuõxkuçkh, 2022 rh÷kÞLMk nku{ VkRLkkLMk r÷.

==> picture [514 x 716] intentionally omitted <==

Johnson Controls-Hitachi Air Conditioning India Limited

Regd. Office: 9th Floor, Abhijeet, Mithakhali Six Roads, Ahmedabad : 380 006 CIN: L29300GJ1984PLC007470 Tel: + 917926402024, E-mail: [email protected], Website: www.hitachiaircon.in EXTRACT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30/09/2021

(Rs. in Millions) (Rs. in Millions)
Sr. Particulars Quarter ended Year ended
No. **30/09/2022 ** **30/09/2021 ** 31/03/2022
(Unaudited) (Unaudited) (Audited)
1 Total income from operations 3,082.4 3,972.4 21,590.4
2 Net Profit / (Loss) for the period (before Tax, Exceptional and/ or Extraordinary Items) (715.1) (123.4) 233.1
3 Net Profit / (Loss) for the period before Tax (after Exceptional and/ or Extraordinary Items) (699.5) 123.4 225.7
4 Net Profit / (Loss) for the period after tax (after Exceptional and/ or Extraordinary Items) (529.5) (92.7) 161.2
5 Total Comprehensive Income for the period [Comprising Profit / (Loss) for the period (after (532.3) (88.0) 180.2
tax) and Other Comprehensive Income (after tax)]
6 Equity Share Capital (Face value Rs.10 per share) 271.9 271.9 271.9
7 Reserves (excluding Revaluation Reserve as shown in the Audited Balance Sheet of previous 7,126.8
year)
8 Basic and Diluted Earnings Per Share (before and after extra ordinary items) (of Rs. 10 each) (19.5) (3.4) 5.9
(Not annualised) (Rs.)

Notes : 1. The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results are available on the websites of the Stock Exchanges (www.bseindia.com, www.nseindia.com) and the company’s website(www.jci-hitachi.in). 2. The above financials results are prepared in compliance with Indian Accounting Standard (“Ind AS”) as notified under section 133 of the Companies Act, 2013 (“the Act”) [Companies (Indian Accounting Standards) Rules, 2015], as amended. Place : Kadi, Gujarat For and on behalf of the Board of Directors Date: October 19, 2022 Gurmeet Singh Chairman & Managing Director